New York Markets After Hours

Gap, Deckers, Crocs drop; Kenneth Cole surges

NEW YORK (MarketWatch) -- J.C. Penney Co.
JCP, +7.41%
fell 1% after the department store operator said February sales are trending below expectations as it undertook a new strategy to change how the company prices and promotes its merchandise. Gap Inc.
GPS, +0.46%
shares fell 3% after the clothing chain issued a disappointing full-year outlook. Ugg boot maker Deckers Outdoor Corp.
DECK, -0.44%
dropped 11% after the company gave disappointing forecasts, citing increased sheepskin costs that would pressure margins. Plastic clog shoe maker Crocs Inc.
CROX, +0.94%
shares slid 9% after the shoe company gave a disappointing first-quarter outlook. Among the gainers, Kenneth Cole Productions Inc.
KCP, +9.12%
shares surged 21% after its namesake founder and designer proposed to take the company private in a $280 million transaction.

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